According to the Group, in the first half year of 2016, the result was strongly influenced by the hail calamity in June, with an impact of EUR 152 million after reinsurance.
At the same time, for the second half of 2016, the increase in provisions for personal injury claims has been caused, by changes in laws and regulations. "This increase has had an impact on the result of the segment Non-life Netherlands of approximately EUR 178 million".
New expectations for health care costs for the underwriting year 2016 have had a negative impact on the result of around EUR 100 million in the segment Health Netherlands in the second half of 2016. "In particular a higher than expected use of new (expensive) medicines has led to increased estimates".
"The announcement in November 2016 regarding the sharp premiums setting for 2017 and the resulting adverse effects on the financial result in 2016 will be largely offset by a release of provisions on previous underwriting years".
At the same time, economic developments in Turkey have led to a higher risk premium insurance operations: "Therefore, we have written off completely the goodwill associated with these activities, with an impact of EUR 93 million".
At the end of last year, it was announced that until 2020, the number of jobs at ACHMEA will continue to decline. "In connection with this decrease, reorganization and vacancy provisions have been formed, with a total impact on the result for 2016 of over EUR 100 million".